Saudi Arabia’s non-oil exports surge by 24.6%, showing solid progress in its economic diversification efforts. However, the Kingdom’s overall trade surplus dropped sharply during April 2025 due to a decline in oil exports and a rise in imports.
According to newly released government data, total merchandise exports in April reached SR90.3 billion ($24.1 billion). This marked a 10.9% decrease compared to April 2024. The main reason was the sharp fall in oil exports, whose share fell from 77.5% to 68.6% year-on-year.
Meanwhile, Saudi Arabia’s non-oil exports surge by 24.6%, reaching SR28.4 billion. The increase was mainly driven by strong performance in the chemical industry. These figures include both direct exports and re-exports.
Imports also rose significantly. In April, they climbed by 18.3%, totaling SR76.1 billion. The combination of lower oil exports and higher imports cut the trade surplus to SR14.2 billion. That figure represents a steep 61.7% decline from the previous year.
The ratio of non-oil exports to imports rose slightly. It reached 37.2% compared to 35.4% a year earlier. This indicates a steady shift in the economic landscape as Saudi Arabia reduces reliance on oil income.
Machinery, electrical equipment, and parts remained top import categories. These goods totaled SR21.1 billion and accounted for 26% of all imports. This reflects growing industrial activity and infrastructure investments within the country.
Saudi Arabia’s non-oil exports surge by 24.6%, highlighting the success of long-term diversification strategies. Although oil export revenues dropped, non-oil sectors helped support trade performance. As regional and global markets shift, Saudi Arabia appears committed to reshaping its economy.
This shift also enhances economic resilience. By reducing oil dependency, Saudi Arabia can better navigate energy market volatility. Continued support for industry and technology will be key to sustaining export growth. Additionally, foreign trade partners are showing increasing interest in Saudi non-oil goods.
